Vilja Solutions, the Nordic market leader of cloud-native composable core banking solutions, is expanding into Vietnam after now establishing an ASEAN headquarter and development center in Kuala Lumpur, Malaysia.

Vilja said in a statement on last Thursday that together with some 30 Vietnamese local fintech professionals, partners and banks, the bank has launched several local and regional partnerships, including leading local banking technology providers FPT IS, Gimasys, FiinGroup, Nam Viet Corp and the international open-banking platform Brankas.

“We are committed to a long term partnership with our Swedish and Vietnamese partners and government agencies, in our joint mission to modernize and future proof Vietnam’s banking industry with secure, compliant and configurable cloud adoption,

“The future of banking is enabled by collaboration, it is the key success factor for banks to unlock opportunities in open banking, embedded finance, AI agents and more.” said Fredrik Ulvenholm, Chief Executive Officer of Vilja.

According to the statement, Vilja and its local partners will be announcing several activities in Vietnam focusing on enabling secure cloud adoption, compliance for open API regulations and multi-core capacities.

“As a Swedish company in Vietnam with an ASEAN regional development center and localized support, we are bringing a unique and trusted collaboration that will enable Vietnamese banks to thrive in the country’s ongoing digital transformation,” Vilja Managing Director of Asia Pacific (APAC) Juan Carlos Mauritz said.

Meanwhile, the Swedish Ambassador to Vietnam H.E. Johan Ndisi, said that Vilja Solutions expansion to Vietnam highlights the deepening ties between Sweden and Vietnam—built on over 50 years of enabling and mutual partnership.

“With fintech and digital banking reshaping Vietnam’s economy, Vilja Solutions’ arrival marks an important step in strengthening Sweden’s presence in this space,” he added.

Swedish FinTech firm Vilja to open an additional development center in Malaysia